Konstelec Engineers Limited IPO
- IPO Date19 Jan, 2024 to 24 Jan, 2024
- Listing Date30 Jan, 2024
- Face Value₹10 per share
- Issue Price₹66 to ₹70 per share
- Lot Size2000 Shares
- Minimum Investment₹1,40,000
- Listing AtNSE SME
- Total Issue Size41,00,000 Shares
(aggregating up to ₹28.70 Cr) - Fresh Issue41,00,000 Shares
(aggregating up to ₹28.70 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,10,00,000
- Shareholding post issue2,06,000
IPO Dates
Closing Date
24 Jan, 2024
Initiation of Refunds
29 Jan, 2024
Listing Date
30 Jan, 2024
19 Jan, 2024
Opening Date
25 Jan, 2024
Basis of Allotment
29 Jan, 2024
Credit of Shares
Konstelec Engineers Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| HNI (Min) | 2 | 4000 | ₹2,80,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
Konstelec Engineers Limited Promoter Holding
Mr. Biharilal Ravilal Shah and Mr. Amish Biharilal Shah are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 91.65% | 66.77% |
Konstelec Engineers Limited COMPANY INFORMATION
Konstelec Engineers IPO is a book built issue of Rs 28.70 crores. The issue is entirely a fresh issue of 41 lakh shares. Konstelec Engineers IPO bidding started from January 19, 2024 and ended on January 24, 2024. The allotment for Konstelec Engineers IPO was finalized on Thursday, January 25, 2024. Konstelec Engineers IPO will list on NSE SME with tentative listing date fixed as Tuesday, January 30, 2024. Konstelec Engineers IPO price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Konstelec Engineers IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Konstelec Engineers IPO is Spread X Securities. Refer to Konstelec Engineers IPO RHP for detailed information.
Founded in December 1995, Konstelec Engineers Limited is active in the fields of engineering, procurement and construction/commissioning (EPC).
The company offers a wide range of services including engineering and drawings, procurement, operations and maintenance, project management and construction and commissioning. The company's areas of expertise include electrical installation, solar power plant installation, instrumentation and automation. The company has completed more than 200 projects of varying size and complexity, including 45 major projects worth over 400 crores.
The company's clients include Reliance Industries Limited, Engineers India Limited, JSW Steel, Indian Oil, BPCL, HPCL, CPCL, MRPL, ISRO, ACC, BARC, Dangote Industries Limited, Adani, NTPC, Tata Steel Ltd, Navin Fluorine International Ltd and IGPL, etc.
The company provides services in more than 15 states in India and Nigeria.
As on November 30, 2023, Konstelec Engineers Limited has an order book of more than 57 major projects worth around 573 crore in various stages of implementation.
The company employs over 800 people in India and Africa, including more than 120 engineers, 250 technicians and various other locally employed staff.
FAQs About Konstelec Engineers Limited Ipo
Konstelec Engineers Limited IPO will open on 19 Jan, 2024 and close on 24 Jan, 2024. Investors must apply within this period to participate.
The Konstelec Engineers Limited IPO price band is set between ₹66.00 and ₹70.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹140000.00.
The Konstelec Engineers Limited IPO shares are expected to be listed on 30 Jan, 2024, subject to regulatory approvals and final allotment.
You can track your Konstelec Engineers Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Konstelec Engineers Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.